The Senate has instructed the Minister of Industry, Trade and Investment, Okechukwu Enelemah, and (acting) Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Terhemba Nongo, to return N14.3 billion to federal government, Premium Times reports.
The demand was contained in a letter written by the Chairman of Senate Committee on Trade and Investment, Mohammed Sabo (APC, Jigawa South-West).
The Senate said the money was diverted from the 2017 budget of NEPZA.
In the letter, Mr Sabo asked the minister and the NEPZA boss to either refund the money immediately or be prepared to face dire consequences.
The lawmaker told journalists that the money was transferred from NEPZA’s account into the account of a private company, the Nigerian Special Economic Zone Company.